Vostok Emerging Finance (VEF) today announces that it has agreed to invest USD
1 mln into Finja, a Pakistani fintech venture. VEF is leading the funding round
and holds a minority position and board representation in the company following
the transaction.

Finja is a newly established fintech company in Pakistan with a mission to
offer innovative financial services to Pakistan's rapidly growing digitally
literate population by displacing cash. Finja was founded by tech- and banking
industry veterans Qasif Shahid, Monis Rahman and Umer Munawar.

Vostok Emerging Finance Managing Director Dave Nangle comments:

"We are very excited to announce our inaugural investment into the Pakistan
fintech space. Pakistan is one of the developing markets that topped our
investment focus list, since we launched last summer. From a fintech
perspective, we have been impressed with the successful role out in
neighbouring India and see Pakistan clearly following in its footsteps. In
Finja, we are partnering with a strong and experienced founding team, which we
believe are in great position to service and benefit from Pakistan's 180mn+
under-banked population on the back of Pakistan's rapidly growing 3G/4G enabled
smartphone subscribers supported by a progressive regulatory framework."

Vostok Emerging Finance is an investment company with the goal of investing in
early stage modern financial services companies across emerging and frontier
markets. VEF trades in Sweden on Nasdaq First North under the ticker VEMF SDB.

Vostok Emerging Finance's Certified Adviser on Nasdaq First North is Pareto
Securities AB.

This information is information that Vostok Emerging Finance Ltd is required to
make public pursuant to the EU Market Abuse Regulation. The information was
submitted for publication, through the agency of the contact person set out
above, at 08.00 CEST on August 2, 2016.